Accenture (NYSE:ACN) stock rose about 8% on Thursday following its results for the third quarter of fiscal 2020. The company posted better-than-expected results.
On March 18, Accenture (NYSE:ACN) stock fell 4.2% and closed at $151.15. Based on the last closing price, the company has a market cap of $99.3 billion.
Infosys (INFY) shares have fallen 14% today. The pullback means that the company has risen 3.8% year-to-date. The stock has traded flat in the last 12 months.
US-based (SPY) Cognizant Solutions (CTSH) stock has generated returns of 29% in the trailing-12-month period, 10% in the trailing-one-month period, and 0.5% in the trailing-five-day period.
On January 26, 2018, International Business Machines (IBM) with a market cap of approximately $155 billion continued to be the largest player by market capitalization in the IT consulting space.
In the previous part of this series, we saw that NetApp’s (NTAP) revenue in fiscal 2Q18 rose YoY (year-over-year), driven by a robust product portfolio and strong demand for storage solutions.
Analysts expect Cognizant’s (CTSH) revenues to rise 9.7% YoY to $14.8 billion in fiscal 2017, compared with its revenues of $13.5 billion in fiscal 2016.
Before Vivant Digital, IBM made several acquisitions in 2016 to boost its iX business. IBM acquired Ecx.io, Aperto, Resource/Ammirati, Bluewolf Group, and Expert Personal Shopper.
IBM’s scale in the systems software space Let’s look at IBM’s (IBM) value proposition in the IT (information technology) consulting space. Let’s start with IBM’s size. As of July 11, 2017, and as you can see in the graph above, IBM, with a market cap of more than $144 billion, was the largest software player […]
In June 2017, Accenture (ACN) announced the acquisition of SolutionsIQ for an undisclosed amount. SolutionsIQ provides agile transformation solutions for enterprises.
Activist hedge funds’ stake in Salesforce Earlier in this series, we discussed factors that will work in Salesforce’s (CRM) favor in 2017. It is seeking to double its revenue to $20 billion by 2021–2022. According to Bloomberg, hedge fund and activist investors, namely Corvex Management, Jana Partners, and Sachem Head Capital, had taken a stake in […]
Cognizant’s annual revenues of $13 billion, with its annual cash flow of $1 billion and balance sheet of $4 billion, should help with shareholder returns.
On November 30, IBM was the largest player by market capitalization in this space, followed by Accenture. Cognizant (CTSH), Infosys, Wipro, and Teradata.
Elliott management’s high stake and recent stimulus to Cognizant’s (CTSH) stock is part of a plan to push the stock to $80–$90 per share by the end of 2017.
In fiscal 2015, Cognizant’s (CTSH) Financial Services segment accounted for 40.3% of total revenue, followed by 29.5% for the Healthcare business and 18.9% for Manufacturing.
According to technology (QQQ) firm Cognizant (CTSH), digital transformation is a key driver for demand and creates new areas of growth through innovation and differentiation.
Although Cognizant is quickly becoming a major player through a series of acquisitions in the digital transformation space, it faces competition from technology (QQQ) heavyweights like Microsoft.
Of the 15 analysts covering Computer Science Corporation’s (CSC) stock, four have given it a “buy” recommendation and 11 have given it a “hold” recommendation.
Akamai is developing new services for its customers, as its competitors are now capable of providing content delivery network services at similar prices.
From a purely net asset value return standpoint, the Fidelity Pacific Basin Fund (FPBFX) was among the top three funds in its peer group in the one-year period ending March 31, 2016, as well as in 1Q16.
In terms of NAV (net asset value), the Fidelity Pacific Basin Fund (FPBFX) was the best-performing fund among the nine we’ll be looking at in this series.
Cognizant believes this acquisition will strengthen and expand its digital capabilities as firms are now moving critical business applications to cloud-based IT infrastructures.
Revenues from the financial services segment of the India-based (EPI) Infosys (INFY) were $663 million in fiscal 3Q16. This is 27.5% of total revenues.
India’s leading IT services company, Infosys, generated investor returns of -3% in the trailing-12-month period and 0.12% in the trailing-one-month period.
CSC still has to wait to move on the Xchanging deal, as the takeover panel granted Ebix (EBIX), one of the bidders, more time to finalize its offer on December 10, 2015.
Cognizant’s Healthcare segment grew more than 43.3% to $939.2 million in 3Q15 due to TriZetto. It expanded the company’s offerings in the healthcare space.
Accenture reported 3Q15 revenues of ~$8.28 billion, compared to $8.24 billion in 3Q14. Its gross profits for 3Q15 were $2.52 billion, a 0.43% YoY decline.
Accenture is one of the world’s largest multinational technology services, management consulting, and outsourcing companies and is headquartered in Dublin.
In February 2015, Cognizant Technology Solutions announced its 4Q14 results and reported revenues of $2.74 billion, up 16.4% from $2.36 billion in 4Q13.
CSC delivered cost savings of $115 million in 3Q15 and $310 million YTD. CSC expects to deliver cost takeout benefits of $450 million–$500 million in 2015.
Eminence Capital sold its position in Ralph Lauren (RL) during 3Q14. The stock accounted for 1.35% of the fund’s 2Q14 portfolio. Net revenues for 2Q15 increased 4% to $2 billion.
Eminence Capital increased its position in TIBCO Software (TIBX) during 3Q14. The stock accounts for 3.08% of the total portfolio—up from 1.76% of the fund’s 2Q14 portfolio.
Eminence Capital started a position in Cognizant Technology Solutions (CTSH) during 3Q14. The position accounts for 1.13% of the fund’s 3Q14 portfolio.
Eminence Capital initiated a position in Apple (AAPL) during 3Q14. The position accounts for 1.58% of the fund’s 3Q14 portfolio. AAPL is based in Cupertino, California.
Eminence Capital initiated a position in GNC Holdings during 3Q14. The position accounts for 2.40% of the fund’s 3Q14 portfolio. GNC is headquartered in Pittsburgh, Pennsylvania.
During the third quarter, Farallon Capital Management initiated a position in Cognizant Technology Solutions (CTSH). The position accounted for 2.06% of the fund’s 3Q14 portfolio.
Farallon Capital Management started a new position in Tim Hortons Inc. (THI) during the third quarter of 2014. The position accounted for 2.62% of the fund’s 3Q14 portfolio.
Paul Tudor Jones II in 1982 founded Tudor Investment Corporation, which is today a leading asset management firm headquartered in Greenwich, Connecticut. The Tudor Group, consisting of Tudor Investment Corporation and its affiliates, is involved in active trading, investing and research in assets across fixed income, currencies, equities and commodities asset classes and related derivative […]
Bridgewater Associates is an investment management firm founded by Ray Dalio in 1975 and based in Westport, Connecticut. Why sell Cognizant Tech Solutions (CTSH)?
